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Why Methodology Matters: Reflections on Bruce Caldwell’sBeyond Positivism

In: Including a Symposium on Bruce Caldwell’sBeyond PositivismAfter 35 Years

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  • Peter Boettke
  • Solomon Stein
  • Virgil Henry Storr

Abstract

WhenBeyond Positivismwas published 35 years ago, it presented a compelling case for methodological change in the economics profession. That case remains equally compelling in the present day as, tragically, economics remains largely without the methodological pluralism at the heart ofBeyond Positivism’s message. Among the costs of an environment of methodological myopia are widespread misinterpretations and the diversion of scholars from efforts at economic understanding to methodological wrangling, which we illustrate using the experience of Austrian economics in the 20th century.Beyond Positivism, we suggest, continues to provide the intellectual case for a pluralist discipline of economics, but one that requires complementary institutional reforms to come to fruition.

Suggested Citation

  • Peter Boettke & Solomon Stein & Virgil Henry Storr, 2018. "Why Methodology Matters: Reflections on Bruce Caldwell’sBeyond Positivism," Research in the History of Economic Thought and Methodology, in: Including a Symposium on Bruce Caldwell’sBeyond PositivismAfter 35 Years, volume 36, pages 57-80, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rhetzz:s0743-41542018000036a005
    DOI: 10.1108/S0743-41542018000036A005
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